2027 Will Be a Very Difficult Year
The slowdown in domestic demand is already under way and tends to deepen in 2027, because the factors that drive it (high indebtedness, restrictive interest rates, a polarized...
Read more
The Fiscal Abyss and the Subprime of Interest Rates
The combination of high public debt and high interest rates, prevalent across major economies, tends to raise the probability of financial instability. The risk lies not only in...
Read moreEmployment and Income Across States and Municipalities: A Snapshot
analysis - Employment and Income Snapshot 25.09.2026Baixar
Read more
Hyperscalers: How Much Is Too Much?
Just 10 of the most relevant companies among the so-called hyperscalers in the United States are set to invest close to a total of USD 1 trillion in...
Read more
How AI Is Impacting Macroeconomics: The Cases of Taiwan, South Korea, Singapore, Ireland and the Netherlands.
Markets appear increasingly uneasy about the impact of hyperscalers’ outsized demand for resources on long-term interest rates. The challenge seems more significant in the United States than in...
Read more
Latam Ex Brazil – A Favorable Outlook for the Years Ahead
In this report we present assessments and outlooks for the economies of Argentina, Colombia, Chile, Mexico, Paraguay and Peru. For a financial market that is mostly focused on...
Read more
One World, Five Cycles: How Brazil, the U.S., Europe, China, and Japan Are Following Different Paths
The world's major economies are no longer moving through a synchronized business cycle. Instead, structural forces, AI-driven innovation, and oil price shocks are pushing Brazil, the United States,...
Read more
Oil Shock and Inflation: Brazil X US
A persistently expansionary fiscal stance, a tighter output gap, and, above all, a monetary policy framework characterized by lower credibility help explain why 10-year inflation expectations have risen...
Read more
June CPI: Disinflation Gains Momentum
Consumer inflation is expected to slow to 0.29% in June, mainly reflecting easing food inflation and the continued decline in fuel prices. Despite the short-term improvement, twelve-month inflation...
Read more